Grainger has announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. The company's common stock will continue to be listed on the New York Stock Exchange (NYSE: GWW).
Grainger said it decided to withdraw from the Chicago Stock Exchange to eliminate duplicative administrative requirements and costs inherent with dual listings. The withdrawal is expected to be effective next month. Grainger said it does not believe that withdrawing its listing from the Chicago Stock Exchange will have any effect on the liquidity of its common stock. The Chicago Stock Exchange will continue to trade Grainger common stock on an unlisted trading privilege basis.
Grainger is No. 3 on Industrial Distribution's 2014 Big 50 List. The company reported its November sales last Friday, citing an 8 percent increase in daily sales over November 2013.
